Common use of Long-Term and Derivative Transactions Clause in Contracts

Long-Term and Derivative Transactions. Except as disclosed in the Public Record or as disclosed to Penn West in the Petrofund Disclosure Letter, none of the Petrofund Parties has any obligations or liabilities, direct or indirect, vested or contingent in respect of any rate swap transactions, basis swaps, forward rate transactions, commodity swaps, commodity options, equity or equity index swaps, equity or equity index options, bond options, interest rate options, foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, production sales transactions having terms greater than 90 days or any other similar transactions (including any option with respect to any of such transactions) or any combination of such transactions.

Long-Term and Derivative Transactions. Except as disclosed in the Public Record or as disclosed to Petrofund in the Penn West in the Petrofund Disclosure Letter, none of the Petrofund Penn West Parties has any obligations or liabilities, direct or indirect, vested or contingent in respect of any rate swap transactions, basis swaps, forward rate transactions, commodity swaps, commodity options, equity or equity index swaps, equity or equity index options, bond options, interest rate options, foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, production sales transactions having terms greater than 90 days or any other similar transactions (including any option with respect to any of such transactions) or any combination of such transactions.

Long-Term and Derivative Transactions. Except as disclosed in the Public Record or as otherwise disclosed in writing to Canetic prior to the date hereof, Penn West in the Petrofund Disclosure Letter, none of the Petrofund Parties has any no obligations or liabilities, direct or indirect, vested or contingent in respect of any rate swap transactions, basis swaps, forward rate transactions, commodity swaps, commodity options, equity or equity index swaps, equity or equity index options, bond options, interest rate options, foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, production sales transactions having terms greater than 90 days or any other similar transactions (including any option with respect to any of such transactions) or any combination of such transactions.